US private equity fund Blackstone Group LLP continues to expand its European gambling investment portfolio, confirming that it has invested €175 million in Romania and CIS market bookmaker SuperBet. The transactions sees the US PE firm secure a minority stake in SuperBet, Romania’s largest sports betting operator, through its strategic vehicle ‘Blackstone Tactical Opportunities’. Founded in 2008 by industry investor …
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Spelinspektionen, Sweden’s newly reformed gambling regulatory body, has signed a memorandum-of-understanding (MoU) with the Gibraltar Gambling Division (GGD), seeking to cooperate in matters of public policy and further forming common interests. The GGD is a strategic unit of Gibraltar’s Ministry of Commerce, which details guidance on governing the British overseas territory’s vital igaming sector. Moving forward, Spelinspektionen and the GGD will …
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Genius Sports Group betting subsidiary Betgenius has secured its biggest data contract to date, having been appointed as the ‘exclusive live data supplier’ for the English Premier League (EPL), English Football League (EFL) and Scottish Professional Football League (SPFL) to the global sports betting industry. Commencing season 2019/2020, Betgenius will act as the ‘official supplier of live data’ for sports betting …
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The England & Wales Cricket Board (ECB), has partnered with independent crime-fighting agency CrimeStoppers to launch a confidential corruption hotline, titled – ‘The Cricket Integrity Line’. The ECB launches its integrity hotline, as the English cricket season begins this April/May period, with its service allowing players and officials to ‘report suspicious activity anonymously’. The integrity hotline will be managed by …
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The Financial Times has reported that a number of football governing bodies are exploring the potential of advertising/sponsoring ‘video assistant referee (VAR)’ match breaks. World football governing body, FIFA, is reported to have been approached by advertising companies seeking to sponsor ‘VAR breaks’, during last summer’s Russia 2018 World Cup tournament. The opportunity to advertise to football audiences during live …
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Premier Lotteries Ireland, the operating company of the Irish National Lottery, has confirmed the appointment of Andrew Algeo as inbound Chief Executive. The update sees, Premier Lotteries end its executive search to find Dermot Griffin’s replacement, who at the start of 2019, announced that he would end his 14-year tenure a leader of the company. Algeo is expected to takeover leadership …
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The governance of Toronto TSX-listed The Stars Group Inc has announced the foundation of its first US strategic joint venture ‘FOX Bet’ in partnership with national sports broadcaster FOX Sports a subsidiary of media conglomerate FOX Corporation. Updating investors, the Stars Group details that it will launch a ‘first-of-its-kind’ sports media and wagering venture working alongside FOX Sports. ‘The Stars …
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The High Court case around data rights between the two main horseracing broadcasters to the betting industry has come to an end, with Sports Information Services (SIS) being found guilty of breaching the confidentiality of Arena Racing Company’s Raceday Data, but not on the more serious charges of conspiracy by unlawful means or copyright infringement of database rights. SIS said it may …
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Stockholm-listed industry affiliate marketing publisher Better Collective AB has declared a strong start to 2019 trading, as the company benefits from strong customer activity combined with organic efficiencies. Publishing its Q1 2019 trading update (period ending 31 March), Better Collective records a 97% increase in corporate revenues to €14 million (Q12018: €7.5m). During the quarter, Better Collective details that new-depositing-customers …
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The UK Advertising Standards Association (ASA) has upheld five complaints made against Paddy Power’s ‘Rewards Club’ advertisement featuring Rhodri Giggs, the older brother of former Manchester United and Wales footballer Ryan Giggs. Complaints were sanctioned against the advert, which was broadcast last February, as five viewers claimed that the advert ‘glamourised gambling’ by suggesting that it can lead to a …
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